Shruti Goyal

Section 157A – THE PATENTS ACT, 1970

Protection of security of India —Notwithstanding anything contained in this Act, theCentral Government shall—(a) not disclose any information relating to any patentable invention or any applicationrelating to the grant of patent under this Act, which it considers prejudicial to theinterest of security of India;(b) take any action including the revocation of any patent which itconsiders …

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How can a company take Loan from directors and relatives and shareholders?

Funds borrowed from people who are either a part of the firm or have a personal connection to the directors are loans from directors, shareholders, and relatives of the directors.  When a business is unable to secure finance from conventional sources like banks or financial organizations, these loans can help. Businesses in India may borrow …

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